China stocks edge down despite relaxation of QFII rules; HK up

viernes 5 de febrero de 2016 01:06 GYT
 

* CSI300 -0.3 pct; SSEC -0.1 pct; HSI +0.6 pct

* New QFII rules won't have immediate impact-trader

* China, HK market head into Chinese Spring Festival

SHANGHAI, Feb 5 (Reuters) - China stocks dipped on Friday morning with participants taking the view that government moves to raise investment ceilings for overseas investors won't lead to an immediate surge in foreign buying of Chinese equities.

Hong Kong shares rose, aided by overnight gains in U.S. and European markets.

But trading in both markets is thin, as many traders have already left for the Lunar New Year holiday. Mainland markets will be closed next week, while the Hong Kong market will be closed Monday to Wednesday.

China's blue-chip CSI300 index fell 0.3 percent, to 2,975.66 points at the end of the morning session, while the Shanghai Composite Index lost 0.1 percent, to 2,777.88 points.

Hong Kong's Hang Seng index added 0.6 percent, to 19,292.04 points, while the Hong Kong China Enterprises Index gained 1.3 percent, to 8,079.95.

China unveiled new rules on Thursday that would allow investors under the Qualified Foreign Institutional Investor scheme (QFII) scheme to buy more stocks and bonds, and make it easier for them to move money out of the country.   Continuación...